Labour

A group of Labour lords has tabled an amendment to the Pensions Bill that would force the government to impose a pension scheme charge cap by 30 April 2015.

Labour MP Rachel Reeves has demanded Prime Minister David Cameron "clarify" the government's position on a charge cap for defined contribution (DC) schemes.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

FIVE THINGS

Ed Balls has dismissed claims that Labour's plan to reintroduce the 50p top rate of tax is part of an "anti-business agenda" and said the move would be temporary.

Labour leader Ed Miliband will today outline plans to break up the largest UK banks, ending the dominance of the 'big four'.

Labour will refer high street banks to the competition authorities if it is elected in 2015, Ed Miliband, the Labour leader, is expected to say in a speech on Friday.

Pensioners could have to pay out £150,000 on long-term care before the government will step in, according to the Labour party.

Shadow pensions minister Gregg McClymont has attacked the government's consultation on scheme charges as too short and "phoney".

Retirement Planner's round-up of the top pension stories this week.